06017oam 22013814 450 991097077940332120250426110713.0978661284326697814623628371462362834978145270769314527076939781282843264128284326597814518725831451872585(CKB)3170000000055265(EBL)1608295(SSID)ssj0000943256(PQKBManifestationID)11484315(PQKBTitleCode)TC0000943256(PQKBWorkID)10975385(PQKB)11447616(OCoLC)645513330(IMF)WPIEE2009111(MiAaPQ)EBC1608295(IMF)WPIEA2009111WPIEA2009111(EXLCZ)99317000000005526520020129d2009 uf 0engurcn|||||||||txtccrSpillovers to Emerging Equity Markets : An Econometric Assessment /Tao Sun, L. Psalida1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (34 p.)IMF Working PapersDescription based upon print version of record.9781451916881 1451916884 Includes bibliographical references.Contents; I. Introduction; II. Performance of Emerging Market Equity Markets; Figures; 1. Selected Equity Market Indices; 2. Emerging Market Economies: Composition of Capital Inflows; 3. Current Account Balances and Capital Flows from a Global Perspective; 4. Stock Market Capitalization; 5. Total Equity Market Returns; 6. Emerging Market Economies: Price/Earnings Ratios; 7. Total Foreign Holdings of Equity; 8. Emerging Markets Equity Indices and Foreign Investor Presence; Tables; 1. Emerging Equity Market Peaks and Troughs: Current and Previous Episodes; III. Methodology of Panel Estimation2. Unit Root Tests 3. Pedroni Heterogeneous Panel Co-integration Tests; IV. Results of the Panel Estimation; 4. Fixed-Effects Panel Least-Squares Estimation, First Specification; 5. Fixed-Effects Panel Least-Squares Estimation, Second Specification; V. Scenarios of impact; 6. Effects of External Shocks on the Growth Rates of Emerging Market Equity Prices; VI. Contribution of domestic and external factors; VII. Vector Auto-regression Model and results; 7. Contribution of Global and Domestic Factors to Equity Price Changes; 9. Impulse Responses to the Global Shocks for the Seven CountriesVIII. Main Conclusions Annexes; I. Methodological Issues; II. Data and explanatory variables; ReferencesThis paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an important goal for emerging market economies.IMF Working Papers; Working Paper ;No. 2009/111InvestmentsMathematical modelsEconometricsBanks and BankingimfCapital and Ownership StructureimfEmerging and frontier financial marketsimfFinanceimfFinance: GeneralimfFinancial institutionsimfFinancial InstrumentsimfFinancial Markets and the MacroeconomyimfFinancial marketsimfFinancial regulation and supervisionimfFinancial Risk and Risk ManagementimfFinancial risk managementimfFinancial services industryimfFinancial services law & regulationimfFinancing PolicyimfGeneral Financial Markets: General (includes Measurement and Data)imfGoodwillimfInstitutional InvestorsimfInvestment & securitiesimfInvestments: StocksimfMarket capitalizationimfMarket riskimfNon-bank Financial InstitutionsimfPension FundsimfStock exchangesimfStock marketsimfStocksimfValue of FirmsimfUnited StatesimfInvestmentsMathematical models.Econometrics.Banks and BankingCapital and Ownership StructureEmerging and frontier financial marketsFinanceFinance: GeneralFinancial institutionsFinancial InstrumentsFinancial Markets and the MacroeconomyFinancial marketsFinancial regulation and supervisionFinancial Risk and Risk ManagementFinancial risk managementFinancial services industryFinancial services law & regulationFinancing PolicyGeneral Financial Markets: General (includes Measurement and Data)GoodwillInstitutional InvestorsInvestment & securitiesInvestments: StocksMarket capitalizationMarket riskNon-bank Financial InstitutionsPension FundsStock exchangesStock marketsStocksValue of Firms332.152Sun Tao1103303Psalida L1815937DcWaIMFBOOK9910970779403321Spillovers to Emerging Equity Markets4371565UNINA